It is necessary to define differences between the country’s Bidding Law and commitments concerning government procurement stated in the EU-Vietnam Free Trade Agreement (EVFTA), so as to make suitable
Hanoi (VNA) – It is necessary to define differences between the country’s Bidding Law and cꦏommitments concerning government procurement stated in the EU-Vietnam Free Trade Agreement (EVFTA), so as to make suitable adjustments, said an economic expert.
Speaking at a workshop in Hanoi on January 27, Nguyen Thi Thu Trang, Director of the World Trade Organisation and Integration Centre under the Vietnam Chamber of Commerce and Industry (VCCI), said the VCCI has implemented a study which offers feasible proposals on the issue, specifically those benefiting domestic businesses.
Compared to international regulations on bidding, Vietnam’s revised Bidding Law in 2013 ensures principles of transparency, competition and efficiency concerning bidding invitation announcements, bidding documents and bidding procedures.
The study shows that there are many differences between commitments to the EVFTA and Vietnam’s current Bidding Law, including those related to the use of electronic devices, reasons for selecting bidders, bid price, the deadline for bidding document submission, and conditions for joining bids.
About two-thirds of regulations in the law have yet to comply with relevant commitments in the EVFTA, Trang said.
She underlined the need to make suitable changes to the law to have it conform better to the country’s integration reality, thus bringing benefits to the domestic business community.
According to Ninh Viet Dinh from Electricity of Vietnam, the Bidding Law 2013 is quite consistent with the country’s international integration process, including contents in connection with free trade agreements and the Trans-pacific Partnership (TPP) agreement.
Tran Trung Kien, a bidding expert from the World Bank in Vietnam said Vietnam needs to build more regulations around opening the market to international bidding activity, adding that regulations related to domestic bidding should also facilitate the participation of bidders from regional countries and EVFTA member nations.
Negotiations of the EU-Vietnam Free Trade Agreement were completed in late 2015. The agreement is forecast to affect Vietnam’s legal institutions and economy reasonably soon.-VNA
The revised bidding law, which took effect in January, prioritises local bidders, made-in-Vietnam products, human resources development, and job creation.
Vietnam always regards online bidding as one of the particularly important public services in the e-commerce development plan and in national programme for information technology application at State-funded agencies, Deputy Minister of Planning and Investment (MPI) Dao Quang Thu said in a recent review on its pilot online bidding project for 2012-2013 period.
The EU-Vietnam Free Trade Agreement (EVFTA) will create ample opportunities for overseas Vietnamese enterprises in the Czech Republic as well as companies that import Vietnamese goods to the EU.
Leaders of Vietnam’s National Assembly and Government have urged the French legislature to support the early signing the EU-Vietnam Free Trade Agreement (EVFTA).
A trade policy forum was held in Hanoi on January 22 with a focus on the Trans-Pacific Partnership (TPP), the EU – Vietnam Free Trade Agreement and their impacts on Vietnamese small and medium firms.
The PM outlined a dual strategy: revitalising traditional growth engines of investment, exports, and consumption, while accelerating breakthroughs in sci-tech, innovation, digital transformation, and green transition.
The complex, covering a total area of 512 ha, is designed after a multi-functional model, prioritising the preservation of natural landscapes, honouring local beauty, and creating an ideal living area.
He requested delegates to provide objective and honest feedback on what has been achieved, what has not, the consequences, and draw lessons learned for the future. He also emphasised the need to identify key directions and tasks, with a firm resolve to prevent, and eventually eliminate the trafficking of counterfeit medicines and fake food products.
The Ministry of Finance is drafting policies to establish specialised AI and smart industrial parks to raise the technological profile of FDI projects and create spillover effects for local businesses.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
At the workshop (Source: Bnews.vn)
